“Bitcoin acceptance in China has now extended into real estate with a residential developer in Zhangjiang Hi-Tech park in Shanghai finding a new way to promote sales through the acceptance of Bitcoin virtual currency. Shanda Group, one of the large IT giants in China, through its real estate development arm, opened sales of its first real estate investment project on October 25th, 2013. 300 apartments in the soon to be built buildings ranging from 42-81sqm were available for sale and sold out in a few minutes as demand far outstripped supply. As part of the promotion, Shanda accepted Bitcoins for payment.”
http://www.finextra.com/Community/FullBlog.aspx?blogid=8475
Related posts:
Bush Presidential Library Misleads Visitors On WMDs In Iraq
Rising Lease Rates Show Demand For Physical Gold Remains Strong
Caitlin Long: Vulnerability of Fed’s Balance Sheet
Treasury Caught Illegally Spying On Americans’ Financial Records
How nonprofits spend millions on elections and call it public welfare
The Creepy New Security Credit Score for Spotting "Insider Threats"
New York City considers allowing non-citizens to vote in local elections
72yo Grandma Shot Dead as SWAT Raided Her Home For Marijuana
Security researchers announce “first practical” SHA-1 collision attack
HBO executive: Rampant piracy of ‘Game of Thrones’ is a ‘compliment’
David Gregory Does Some Hard-Hitting News Coverage
Your Extra-Virgin Olive Oil Is Fake
Ebay: Tell your Members of Congress How New Internet Taxes Will Impact You
Military-Industrial Complex Presstitutes Get SMACKED DOWN By A Real Journalist
Price Inflation Watch: Average NYC Rent Passes $3,000